1. Details of corporate proposal Whether the corporate proposal involves the issuance of new type and new class of securities? N Types of corporate proposal : Private Placement Details of corporate proposal : PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF PUC BERHAD No. of shares issued under this corporate proposal : 8,000,000 Issue price per share ($$) : 0.1677 Par Value ($$) (if applicable) : 0.000 Latest issued share capital after the above corporate proposal In the following Units : 1,612,809,678 Issued Share Capital ($$) : Malaysian Ringgit (MYR) 194,479,752.100 Listing Date : 26/07/2018 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
"Allianz Malaysia said, together, Allianz and 11street are making purchasing insurance more convenient and seamless by offering three comprehensive products that suits the customer’s needs." Borneo Post
Macquarie Bank still under PP subscription, the PP agreement's floor price is 0.18, but now the share price break the floor price and didn't ant amendment of agreement announce, see what will happen next. Good luck!
As I said before, PP still under subscript by Macquarie Bank = share's price and trading volume under control by them (read the agreement), now the share price already bellow floor price 0.18, after 3 weeks, so far the PP only subscript 28m from 159m, so the share price never rebound before completed PP subscription (I have review some Macquarie Bank subscription), hope this time is exception, but I give up here last 2 weeks, Good luck!
Sitia, the 159m PP sure will fully subscript for Macuarie Bank within 6 months.but don't know how long Macquarie Bank will spend to completed, this time really disappoint with the subscription price.
Daily8, the 1st subscription price is 0.164 for 5m shares, 2nd is 0.167 for 5m shares, 3rd is 0.168 for 8m shares and 4th is 0.161 for 10m shares. Just worry will same as Trive, 1st subscription price is 0.054...after 6 months of last subscriptin price press down till 0.022. before I thought PUC PP price at least can get over 0.20 after discount 10%, at the end the price lower than proposed price 0.183, if 0.183 they can get RM29m and pay the acquisition of 11 street for RM40m, even 0.183 they still less RM11m for acquisition, now the PP price lower and lower, so the gap more and more big. the last payment date for acquisition 11street is end of this month, see how they pay it, maybe they have other way.
Generally, most stock markets were affected by conditions of regional and world market, ours include. So it is not mainly due to individual stock. Most stocks suffering the same down trend for past two or three months. Now overall sentiment of BSKL has improved where its index has climbed to above 1800 for the first time since it has dropped from above 1800 after GE14. Many penny stocks and blue chips too which were battled are now rushing to move up to its previous level before GE14. Seems rotational will come to play. Those lagged will get attention to be snacked up to be at the same level with those which are still moving up... So PUC will soon be push up too.
Anthony, assuming the price is gaping lower becoz of not meeting the demand for the PP, even discount 10% from 20 cents will be at least 18 cents. Now it's about 17 cents. I feel the PP subscribers are pressing down the price thru open market. Let's see if the current support at 17 is not broken.
so you will know that the share price and volume is under control, even BSKL reach 1900 PUC share price also never push up, unless Macquarie Bank amend again the agreement or got tycoon to disturb acquire via open market.
Daily8, yes, its clearly purposely press down, I have record everyday of the movement and average price and volume (for my homework), if today get another subscription, the subscription price is only 0.15+ after discount.and today vol limit is 27m. lets see.
TQ Anthonyloh. They are many terms in the PP agreement that we laymen don't really understand or what the intention of both sides want to get from the PP. However I hv heard about this bank's same undertaking with Netx where its price was battled from about 0.07 to present 0.025 or 0.03. What really this bank intention...? To suck from the unknowingly shareholders?
The 11streets is it the 11 streets online shopping? If yes, I feel the company is invested in the right track, most of the consumer online shopping already..
sitia, never underestimate a stock.For now, it will keep trending lower due to pressure from PP. We may need Anthonyloh to keep us update on the PP subscription.
Looking closer PUC next QR shall be in next 2 weeks. It may fall on 25/6 of AUG and maybe could have some quick run.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Striker90
2,617 posts
Posted by Striker90 > 2018-07-25 21:22 | Report Abuse
Buy low sell high, im on board